Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

HG Vora, BlueMountain Capital Strengthen Activist Ties at Chatham Lodging Trust

HG Vora Capital Management, in a newly amended filing from a couple of minutes ago, disclosed signing a Letter Agreement. According to the amendment, HG Vora and BlueMountain Capital Management, led by Andrew Feldstein and Stephen Siderow, decided to limit sales of the Chatham Lodging Trust (NYSE:CLDT)  shares “on or prior to 5:00 p.m., New York City time, on November 22, 2013.”

Andrew Feldstein and Stephen Siderow

Yesterday, BlueMountain disclosed that it wants to acquire Chatham Lodging Trust for $21.50 per share.

HG Vora holds a 4.9% position in the company. Last month, the fund mentioned that they “may explore ways to enhance value for the Issuer’s shareholders,” in addition to facilitating strategic discussions with management.

Loading...